LIBERTY LATIN AMERICA COMPLETES ACQUISITION OF CABLETICA
Acquisition of 80% Stake in Leading Cable Operator in Costa Rica
Denver, Colorado – October 1, 2018: Liberty Latin America Ltd. (“Liberty Latin America”) (NASDAQ: LILA and
LILAK, OTC Link: LILAB), a leading telecommunications company with operations in Chile, Puerto Rico, the
Caribbean and other parts of Latin America, today completed its acquisition of an 80% stake in Cabletica, a leading
Costa Rican cable operator, from Televisora de Costa Rica S.A. (“Televisora”) who retain a remaining 20% interest.
Cabletica was acquired for an enterprise value of CRC 146 billion (approximately $250 million1,2).
Balan Nair, President and CEO of Liberty Latin America, commented, “We are thrilled to have completed our first
acquisition as Liberty Latin America and look forward to leveraging our capabilities and investing in Cabletica to
enhance the leading products and services currently delivered to customers in Costa Rica. As we grow our
operations in Latin America and the Caribbean, the combined force of our people, products and services, and worldclass
technology will empower all of our customers to discover and experience the endless possibilities of the digital
René Picado, President of Televisora said, “We are excited to join forces with an industry leader like Liberty Latin
America and believe this is a great strategic fit rooted in a shared mission and culture. We have transformed
communications in Costa Rica and are extremely proud of what we have accomplished. Together with Liberty Latin
America, we have an exciting opportunity to further develop our portfolio of products, delivering more leading
services and value to our customers.”
About Liberty Latin America
Liberty Latin America is a leading telecommunications company operating in over 20 countries across Latin
America and the Caribbean under the consumer brands VTR, Flow, Liberty, Más Móvil and BTC. The
communications and entertainment services that we offer to our residential and business customers in the region
include digital video, broadband internet, telephony and mobile services. Our business products and services
include enterprise-grade connectivity, data center, hosting and managed solutions, as well as information
technology solutions with customers ranging from small and medium enterprises to international companies and
governmental agencies. In addition, Liberty Latin America operates a sub-sea and terrestrial fiber optic cable
network that connects over 40 markets in the region.
Liberty Latin America has three separate classes of common shares, which are traded on the NASDAQ Global
Select Market under the symbols “LILA” (Class A) and “LILAK” (Class C), and on the OTC link under the symbol
“LILAB” (Class B).
For more information, please visit www.lla.com or contact:
Kunal Patel +1 786 274 7552
Claudia Restrepo +1 786 218 0407
1 Based on a USD/CRC foreign exchange rate of 583 as of September 27, 2018.
2 The purchase price for the 80% equity stake is subject to customary adjustments under the transaction documents.